Tom Webb
Chief Economist
Manheim Consulting
November wholesale prices were flat, but the outcome depends on how you look at it; Rose by 0.6% w/ seasonal adjustment; Index stood at 122.6, 1% decline from year ago, 25% increase from bottoming out in December 2008 and 4% decline from all-time high reached in May 2011.
Click here to read November’s Manheim Used Vehicle Value Index report
Hurricane Lifted UV Values by Reducing Supply and Increasing Demand:
Forces will continue into December and early 2013, may mitigate some volatility.
Rental Car Companies Partially Delayed Defleeting After Hurricane:
Auction prices for available units were steady in $15K range, probably ceiling imposed by new vehicle market.
Wholesale Pricing for Pickups Has Remained Strong in Recent Months:
Increased activity in building and services trades has supported retail demand.
